United States, Rockville MD, July 25, 2022 (GLOBE NEWSWIRE) — According to a recently released report on global bodyboards market by Fact.MR, is projected to be valued at USD 255 million in 2022 and to expand at a CAGR of 6.8% during the forecast period 2022-2032.
The high market growth is attributed to factors such as reputed organizations such as the International Surfing Association (ISA) promoting water sports globally, increasing number of adaptive surfing events and tournaments, and promotion of different types of bodyboarding through prominent sports magazines.
The growing tourism industry worldwide is expected to drive interest in water sports in regions such as Europe and North America. The increase in mechanical performances, such as the improvement of the product in terms of material, makes the boards lighter and improves the overall aerodynamics of the product.
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Market players are concentrating more on product design and material, allowing surfers to enjoy better grip on these boards. Companies invest in research and development to improve the aerodynamics of boards and this can only be achieved through advanced manufacturing techniques (CAD/CAM). Rental services also play a vital role in expanding the market position in this dynamic space of the water sports industry.
Why are bodyboard sales high in the US?
International travel plays a vital role in the United States economy. In 2019, international tourists spent an estimated US$233.5 billion and contributed approximately US$640 million per day to the United States economy.
People usually visit coastal areas to explore recreational activities and bodyboarding is one of them. Bodyboards are generally preferred due to their compactness and portability, which take up less space compared to surfboards.
US brands should invest or explore not only selling non-core assets, but also investing in higher return and value-added opportunities. Technological advancements and consumer preferences may determine how the bodyboard market grows over the forecast period. However, manufacturers are choosing a new business model to diversify their product portfolios and maintain a competitive edge.
The bodyboard market in the United States is expected to expand rapidly at a CAGR of 7.7% to reach USD 177.4 million by 2032.
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Key segments covered in Bodyboarding Industry research
- Bodyboard Market by Type:
- Conventional bodyboards
- 30.1″ to 35″
- 35.1″ to 40″
- 40.1″ to 45″
- More than 45″
- Tandem bodyboards
- Conventional bodyboards
- Car body market by buyer:
- Bodyboard Market by Sales Channel:
- Offline sales channels
- Modern trade
- Sports equipment stores
- Surf Equipment Shops
- Water sports shops
- Branded stores
- Online sales channels
- Business websites
- E-commerce platforms
- Offline sales channels
A winning strategy
The main manufacturers are concentrating on the sustainable foam technology which increases the density and stiffness of the body boards as well as making them more efficient in terms of performance.
Size and material are other important elements that manufacturers need to look out for; PE (Polyethylene) is the most common core used widely in the production of boards, especially in the cooler waters of Europe and North America. Although polyethylene is heavier than polypropylene, it has additional flexibility that offers additional control.
Turn on personalization Bodyboarding market Report on specific research solutions
Key players in Bodyboarding market
- Agit Global
- ALDER SPORTSWEAR LTD
- Bodyboarding HQ
- BZ Pro Board
- Catch Surf USA
- CORE Bodyboards
- ES Water sports
- Hardy forms
Key takeaways from Bodyboarding Market research
- By type, conventional bodyboards are projected to provide an absolute opportunity of $133.4 million during the forecast period (2022-2032).
- Tandem boards are expected to account for 44.7% market share by 2032, with demand growing at a CAGR of 7.4% during the forecast period.
- According to the buyer, entertainment use across geographies is expected to grow to US$ 331.0 million market value by 2032.
- North America is projected to account for around 40.9% of the global bodyboard market share by 2032.
- Europe is expected to provide an absolute dollar opportunity of USD 74.7 million by the end of 2032 and to advance at a high CAGR of 7.1% during 2022-2032.
For the sports department of Fact.MR
Expert analysis, actionable insights and strategic recommendations from Fact.MR’s experienced sports team help clients around the world with their unique business intelligence needs. With a repertoire of over thousands of reports and more than 1 million data points, the team has been analyzing the sports industry in over 50 countries for over a decade. The team provides unparalleled comprehensive research and consulting services.
Check out Fact.MR’s coverage of Sports domain-
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